Aquiline Capital Partners announced that it has made a majority investment in Health Prime International, headquartered in National Harbor, Maryland.
Health Prime International provides practice management and revenue cycle management (RCM) solutions to medical practices across the United States. Founded in 2004, Health Prime provides RCM solutions to more than 800 clients across 50 specialties.
Aquiline Capital Partners is a private equity firm that invests in businesses across the globe. It has more than $10 billion in assets under management, with a focus on investing in companies across the financial services and technology, healthcare and business services industries.
Guggenheim Securities served as Aquiline’s lead financial advisor, alongside Lincoln Financial Group and Rothschild & Co. Ropes & Gray who also provided legal support to Aquiline. TripleTree served as financial advisor to Health Prime. AB Private Credit Investors provided the unitranche debt financing to support the transaction. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 38th eHealth acquisition of 2024, and the eighth in the RCM specialty. During 2023, there were 273 eHealth and 55 RCM transactions announced.
This also marks Aquiline’s second transaction announced this year. In January 2024, the company announced that it made a majority investment in Pharma Force Group, which provides 340B administration software to more than 280 clients. That transaction closed in the Q4 2023. Aquiline has announced four transactions since November 2021, according to LevinPro HC.
